FTSE 100 today: London markets could wrestle with recovery as global risk mood sours January 17, 2024 Amid global market volatility, Asian markets respond to a Wall Street downturn, while Nikkei reaching a 34-year high; oil prices decline due to a dollar surge and Red Sea geopolitical concerns. The greenback hits a one-month peak. China's economy outperforms expectations, while investors await crucial data on UK inflation and U.S. retail sales.
New year hangover for Diageo’s boss as expectations lowered again January 16, 2024 Diageo is continuing to feel the fall out from last year’s profit warning and a weakening demand for premium spirits, as analysts slashed expectations for the Guinness maker. The FTSE 100 firm, which also makes Smirnoff vodka and Captain Morgan rum, has around £29bn wiped off its market cap value over the past year amid [...]
How will the Bank of England change its approach on interest rates after wage growth falls again? January 16, 2024 Annual wage growth of 6.5 per cent may still sound like a lot, but a look underneath the hood suggests that wage growth is slowing fast.
Princes falls to £50m loss and makes further redundancies as potential sale looms January 16, 2024 Food giant Princes cut over 150 jobs while slipping to a loss of more than £50m despite its revenue rising by £300m, new documents have revealed.
London drivers hit hardest as UK car insurance costs rocket to record high January 16, 2024 UK car insurance costs increased the highest amount on record last year, according to a closely watched index.
Wage growth continues falling as signs emerge of loosening labour market January 16, 2024 Policymakers at the Bank have repeatedly stressed that further progress is needed on wage growth to justify loosening policy.
Financial deals set for rate-fuelled rebound from nine-year low, EY says January 16, 2024 Mergers between financial services firms could be set for a rebound this year despite UK deals slumping to a nine-year low in 2023, EY has said.
London firms dust off ‘defence manuals’ ahead of private equity offensive January 16, 2024 London’s listed firms have been dusting off “defence manuals” and conducting “dry-runs” in recent months as they prepare to fend off unwanted approaches from private equity houses, insiders have told City A.M..
More billionaires, less poverty – this isn’t a zero sum game, no matter what Oxfam claim January 16, 2024 German historian, sociologist and author Rainer Zitelmann argues billionaires and poverty are not involved in a zero-sum battle
Moving markets: Five things shaping the FTSE 100 today January 16, 2024 Asian stocks decline, the greenback strengthens, and oil prices surge amidst rising Middle East tensions. Focus sharpens on the UK labor market data.